Categories
Quarterly financial statements

As of December 31, 2023

(MNT million)

STATEMENT OF FINANCIAL POSITION 31/12/2023
(Unaudited)
1 ASSETS
1.1 Cash and cash equivalents

                          353,296

1.2 Due from banks and financial institutions

                            78,448

1.3 Financial investments

                            62,678

1.4 Loans and advances to customers (net)

                          672,435

1.4.1 Performing loans

                          632,883

1.4.2 Non-performing loans

                            62,023

1.4.3 Deferred loan payment

                                (159)

1.4.4 Accrued interest receivable

                            15,013

1.4.5 Loan loss provision

                          (37,325)

1.5 Derivative financial assets

                               2,443

1.6 Other financial assets

                                  703

1.7 Other non-financial assets

                            20,906

1.8 Fixed assets

                            19,603

1.9 Properties held for sale

                            14,902

1.10 Intangible assets

                            13,067

1.11 Total assets

                      1,238,481

2 LIABILITIES
2.1 Current accounts

                            92,072

2.2 Savings accounts

                          482,662

2.3 Due to banks and financial instituitions

                          368,160

2.4 Other funds

                            47,667

2.5 Derivative financial liabilities

                               3,409

2.6 Other liabilities

                            47,456

2.7 Total liabilities

                      1,041,426

3 EQUITY
3.1 Share capital

                          146,474

3.2 Share premium

                            15,647

3.3 Treasury shares

                         (7,032)

3.4 Retained earnings

                            41,867

3.5 Other reserves

                                     99

3.6 Total equity

                          197,055

4 TOTAL LIABILITIES AND EQUITY

                   1,238,481

OFF BALANCE SHEET
Contingencies and commitments (net)

           16,760

(MNT million)

INCOME STATEMENT 31/12/2023
(Unaudited)
1 Interest income

                          117,621

1.1 From Bank of Mongolia

                               1,847

1.2 From banks and financial institutions

                               3,397

1.3 From securities

                               7,766

1.4 From loans

                          100,867

1.5 Other interest income

                               3,744

2 Interest expense

                            74,205

2.1 Interest expense on current accounts

                               1,877

2.2 Interest expense on savings accounts

                            61,858

2.3 Interest expense on borrowed funds

                               2,940

2.4 Interest expense on securities

                               1,052

2.5 Other interest expenses

                               6,478

3 Net interest income (1-2)

                            43,416

4 Provision expense

                               8,177

4.1 Deposits at banks and financial institutions

                                  252

4.2 Securities

                                       6

4.3 Loans

                               7,919

5 Net income after provision (3-4)

                            35,239

6 Other income

                            31,202

6.1 Non-interest income

                            31,072

6.1.1 Trading income

                            14,229

6.1.2 Foreign exchange and revaluation income

                            15,271

6.1.3 Fees and commission income

                               1,307

6.1.4 Other non-interest income

                                  265

6.2 Other income, gain

                                  130

7 Other expenses

                            53,850

7.1 Non-interest expenses

                            53,620

7.1.1 Other provision expense

                                      –

7.1.2 Trading expense

                            10,974

7.1.3 Foreign exchange and revaluation expense

                            14,939

7.1.4 Fees and commission expense

                               1,512

7.1.5 Other operating expenses

                            26,195

7.2 Other expenses, losses

                                  230

8 Profit Before Tax (5+6-7)

                            12,591

9 Income tax expense

                               1,858

10 Net profit for the year (8-9)

                            10,733

11 Other comprehensive income

                                     52

12 Total comprehensive income for the year (10+11)

                            10,785

(MNT million)

PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA LIMIT PERFORMANCE
Tier 1 capital ratio

≥ 9%

22.5%

Capital adequacy ratio

≥ 12%

22.5%

Liquidity ratio

≥ 25%

33.8%

Foreign currency open position ratio (single currency)

< ±15%

-2.9%

Foreign currency open position ratio (total)

< ±30%

-8.1%

(MNT million)

LOANS AND ADVANCES TO RELATED PARTIES CATEGORY OF ASSETS BALANCE PERCENT OF TOTAL EQUITY
1 Loans and advances to a related party (less than 5% of total equity)

3.2%

1.1 Bank shareholders

 –

0.0%

1.2 Key management personnel

                                 –

                                      –

0.0%

1.3 Other related parties

Loan

6,351

3.2%

2 Total loans and advances to related parties (less than 20% of total equity)

12.4%

2.1 Bank shareholders

Loan

                                  100

0.1%

2.2 Key management personnel

Loan

                                  404

0.2%

2.3 Other related parties

Loan

                        23,907

12.1%